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Credit Suisse Stops Hedge Fund Investments

Mar 14, 2013
Jing Chen

Banking giant Credit Suisse’s asset management unit will stop purchasing new stakes in hedge funds.

The Wall Street Journal reported that the move by Asset Management Finance marks its latest attempt to comply with the Volcker Rule, which prohibits banks from making speculative investments that do not benefit their clients.

AMF has also dissolved its investment team after it failed to sell part of its portfolio to private equity firms Blackstone Group and Carlyle Group.

Credit Suisse plans to keep AMF’s current hedge fund investments. 

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